S&P 500 Returns By Year
The S&P 500 is a stock market index that tracks the performance of 500 large companies listed on U.S. stock exchanges. It began in 1926 as the S&P 90, a smaller collection of 90 companies, before expanding to the S&P 500 in 1957. This index is widely regarded as a key indicator of overall market performance and is frequently used to gauge the health of the U.S. economy.
This webpage provides a detailed breakdown of annual S&P 500 returns, with dividends reinvested, from 1926 to the present. It also displays inflation-adjusted returns and the inflation rate for each year, offering a clearer picture of how these returns compare when accounting for the effects of inflation. This website is not affiliated with, endorsed by, or associated with SPGlobal or S&P 500.
S&P 500 Returns By Year Chart (Dividends Reinvested)
* All returns are computed up until the end of 2023.
| Year | S&P500 Nominal Return | Inflation Rate | S&P500 Inflation Adjusted Return |
|---|---|---|---|
| 2023 | 26.29% | 3.35% | 22.19% |
| 2022 | -18.11% | 6.45% | -23.08% |
| 2021 | 28.71% | 7.04% | 20.25% |
| 2020 | 18.40% | 1.36% | 16.81% |
| 2019 | 31.49% | 2.29% | 28.55% |
| 2018 | -4.38% | 1.91% | -6.17% |
| 2017 | 21.83% | 2.11% | 19.31% |
| 2016 | 11.96% | 2.07% | 9.68% |
| 2015 | 1.38% | 0.73% | 0.65% |
| 2014 | 13.69% | 0.76% | 12.84% |
| 2013 | 32.39% | 1.50% | 30.43% |
| 2012 | 16.00% | 1.74% | 14.01% |
| 2011 | 2.11% | 2.96% | -0.83% |
| 2010 | 15.06% | 1.50% | 13.36% |
| 2009 | 26.46% | 2.72% | 23.11% |
| 2008 | -37.00% | 0.11% | -37.07% |
| 2007 | 5.49% | 4.06% | 1.37% |
| 2006 | 15.79% | 2.54% | 12.92% |
| 2005 | 4.91% | 3.42% | 1.44% |
| 2004 | 10.88% | 3.26% | 7.38% |
| 2003 | 28.68% | 1.88% | 26.31% |
| 2002 | -22.10% | 2.38% | -23.91% |
| 2001 | -11.89% | 1.55% | -13.24% |
| 2000 | -9.10% | 3.39% | -12.08% |
| 1999 | 21.04% | 2.68% | 17.88% |
| 1998 | 28.58% | 1.61% | 26.54% |
| 1997 | 33.36% | 1.70% | 31.13% |
| 1996 | 22.96% | 3.32% | 19.01% |
| 1995 | 37.58% | 2.54% | 34.17% |
| 1994 | 1.32% | 2.67% | -1.32% |
| 1993 | 10.08% | 2.75% | 7.14% |
| 1992 | 7.62% | 2.90% | 4.59% |
| 1991 | 30.47% | 3.06% | 26.59% |
| 1990 | -3.10% | 6.11% | -8.68% |
| 1989 | 31.69% | 4.65% | 25.84% |
| 1988 | 16.61% | 4.42% | 11.67% |
| 1987 | 5.25% | 4.43% | 0.78% |
| 1986 | 18.67% | 1.10% | 17.38% |
| 1985 | 31.73% | 3.80% | 26.91% |
| 1984 | 6.27% | 3.95% | 2.23% |
| 1983 | 22.56% | 3.79% | 18.08% |
| 1982 | 21.55% | 3.83% | 17.07% |
| 1981 | -4.91% | 8.92% | -12.70% |
| 1980 | 32.42% | 12.52% | 17.69% |
| 1979 | 18.44% | 13.29% | 4.54% |
| 1978 | 6.56% | 9.02% | -2.25% |
| 1977 | -7.18% | 6.70% | -13.01% |
| 1976 | 23.84% | 4.86% | 18.09% |
| 1975 | 37.20% | 6.94% | 28.30% |
| 1974 | -26.47% | 12.34% | -34.55% |
| 1973 | -14.66% | 8.71% | -21.49% |
| 1972 | 18.98% | 3.41% | 15.06% |
| 1971 | 14.31% | 3.27% | 10.69% |
| 1970 | 4.01% | 5.57% | -1.48% |
| 1969 | -8.50% | 6.20% | -13.84% |
| 1968 | 11.06% | 4.72% | 6.05% |
| 1967 | 23.98% | 3.04% | 20.32% |
| 1966 | -10.06% | 3.46% | -13.07% |
| 1965 | 12.45% | 1.92% | 10.33% |
| 1964 | 16.48% | 0.97% | 15.36% |
| 1963 | 22.80% | 1.64% | 20.81% |
| 1962 | -8.73% | 1.33% | -9.93% |
| 1961 | 26.89% | 0.67% | 26.04% |
| 1960 | 0.47% | 1.36% | -0.88% |
| 1959 | 11.96% | 1.73% | 10.06% |
| 1958 | 43.36% | 1.76% | 40.88% |
| 1957 | -10.78% | 2.90% | -13.29% |
| 1956 | 6.56% | 2.99% | 3.47% |
| 1955 | 31.56% | 0.37% | 31.07% |
| 1954 | 52.62% | -0.74% | 53.76% |
| 1953 | -0.99% | 0.75% | -1.73% |
| 1952 | 18.37% | 0.75% | 17.48% |
| 1951 | 24.02% | 6.00% | 17.00% |
| 1950 | 31.71% | 5.93% | 24.33% |
| 1949 | 18.79% | -2.07% | 21.31% |
| 1948 | 5.50% | 2.99% | 2.44% |
| 1947 | 5.71% | 8.84% | -2.87% |
| 1946 | -8.07% | 18.13% | -22.18% |
| 1945 | 36.44% | 2.25% | 33.44% |
| 1944 | 19.75% | 2.30% | 17.06% |
| 1943 | 25.90% | 2.96% | 22.28% |
| 1942 | 20.34% | 9.03% | 10.37% |
| 1941 | -11.59% | 9.93% | -19.58% |
| 1940 | -9.78% | 0.71% | -10.42% |
| 1939 | -0.41% | 0.00% | -0.41% |
| 1938 | 31.12% | -2.78% | 34.87% |
| 1937 | -35.03% | 2.86% | -36.83% |
| 1936 | 33.92% | 1.45% | 32.01% |
| 1935 | 47.67% | 2.99% | 43.39% |
| 1934 | -1.44% | 1.52% | -2.91% |
| 1933 | 53.99% | 0.76% | 52.82% |
| 1932 | -8.19% | -10.27% | 2.32% |
| 1931 | -43.34% | -9.32% | -37.52% |
| 1930 | -24.90% | -6.40% | -19.77% |
| 1929 | -8.42% | 0.58% | -8.95% |
| 1928 | 43.61% | -1.16% | 45.29% |
| 1927 | 37.49% | -2.26% | 40.67% |
| 1926 | 11.62% | -1.12% | 12.88% |